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- Horizon Gold (HRN) receives additional results from ongoing reverse circulation (RC) drilling at its Gum Creek Gold Project in WA
- Throughout May, the company drilled 20 RC holes at the Kingston Town Prospect with up to 3.1 grams of gold per tonne (g/t) intersected
- Horizon has also completed initial infill and extensional RC drilling at the Howards and Think Big prospects with results pending
- Additionally, programs of work have been lodged or approved for drilling at the Heron South, Kingfisher, Snook and Camel Bore targets
- Horizon is down 6.82 per cent on the market with shares trading at 41 cents at 1:46 pm AEST
Horizon Gold (HRN) has received additional results from ongoing reverse circulation (RC) drilling at its Gum Creek Gold Project in Western Australia.
Spanning an area of 620 square kilometres, Gum Creek has historically produced more than one million ounces of gold and hosts a JORC 2012 mineral resource of 15.9 million tonnes averaging 2.7 grams of gold per tonne (g/t).
Throughout May, Horizon drilled 20 RC holes, for 2053 metres, at the Kingston Town Prospect.
Drilling intercepted shallow strike extensions to the gold mineralisation to the north and south of previous drilling, and confirmed the interpreted south plunge.
Multiple holes returned greater than 2g/t gold and mineralisation measures over 300 metres in strike, and remain open to the north, south and at depth.
Best new results include five metres at 3.1g/t gold from 126 metres, five metres at 2.9g/t gold from 48 metres ant 16 metres at 2.3g/t gold from 27 metres.
Drilling has confirmed the presence of broad zones of potentially open pit gold mineralisation at Kingston Town and follow up drilling will be undertaken as soon as possible.
Horizon has also completed initial infill and extensional RC drilling at the Howards and Think Big prospects, while continuing drilling at Manikato.
Additionally, programs of work have been lodged or approved for infill and extensional drilling at the Heron South, Kingfisher, Snook and Camel Bore targets.
All of these targets have the potential to quickly add significant ounces to the Gum Creek mineral resource estimate.
Horizon was own 6.82 per cent on the market with shares trading at 41 cents at 1:46 pm AEST.
